Electric cars (EV) are going to be the future of speed. Elon Musk has made a roadmap to launch his company Tesla in India. Tesla has started finalizing preparations ahead of Musk's possible visit to India next year. Commerce Minister Piyush Goyal recently visited Tesla's manufacturing plant in California.
According to sources, Tesla India's factory is likely to be set up in Gujarat or Maharashtra. Every year 5 lakh EV cars can be produced from here. The price of entry level cars of Tesla India can be around Rs 20 lakh.
The central government has agreed with Tesla on reduction in import duty. This has not been revealed yet. An official announcement about Tesla India may be made during Musk's possible visit to India in January next year.
Musk aims to sell 20 million EVs globally by 2030. For this, Musk wants to make India an export base for Asia and the Pacific Ocean region. Musk wants to set up an EV factory in India to compete with China-made EVs in countries in South East Asia including Australia and New Zealand. Musk also has an eye on India's domestic EV market.
During a visit to Tesla's manufacturing plant in California, Commerce Minister Piyush Goyal said that Tesla company has also included India in its supply chain. This is a positive step. Till last year, Tesla had ordered parts worth about Rs 8,300 crore from India.
By the end of this year, Tesla will order parts worth Rs 16.6 thousand crore for its EV cars. Indian vendors have been sending spare parts since 2021. Tesla is liking the quality of Indian components.
Musk's company Tesla has also planned to manufacture and sell 'Powerwall' in India. ‘Powerwall’ is a battery storage system that works from solar panels. This 'Powerwall' system, approximately one meter high, can be placed in a garage or outside the house. In Houston and Dallas of America, people are also selling surplus electricity to the grid through 'Powerwall' system. It is noteworthy that PM Narendra Modi has praised 'Powerwall' at Tesla's factory in California.